Common use of ADDITIONAL PAYMENTS AND DEPOSITS Clause in Contracts

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 The Purchaser shall also pay to the Vendor/Builder, the Additional Payments mentioned in PART-I and PART-II of the SIXTH SCHEDULE hereto. 5.2 The Purchaser shall also pay to the Vendor/Builder, the Mandatory Deposits/Advances/Extra costs mentioned in PART-III of the SIXTH SCHEDULE hereto. 5.3 The amounts of the Additional Payments and Mandatory Deposits / Advance / Extra Costs shall be paid by the Purchaser within 30 days of respective demands for the same or the date of Notice of Possession, whichever is earlier. 5.4 The Additional Payments and the Mandatory Deposits / Advance / Extra Costs are an integral part of the transaction and non-payment / delayed payment thereof shall also be an act of default on the part of the Purchaser and the Vendor/Builder shall become entitled to exercise the Rights on Purchaser's Default contained in the NINTH SCHEDULE hereto.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 The Purchaser shall also pay to the Vendor/Builder, the Additional Payments mentioned in PART-I and PART-II of the SIXTH SCHEDULE hereto. 5.2 The Purchaser shall also pay to the Vendor/Builder, the Mandatory Deposits/Advances/Extra costs mentioned in PART-III of the SIXTH SCHEDULE hereto. 5.3 The amounts of the Additional Payments and Mandatory Deposits / Advance / Extra Costs shall be paid by the Purchaser within 30 days of respective demands for the same or the date of Notice of Possession, whichever is earlier. 5.4 The Additional Payments and the Mandatory Deposits / Advance / Extra Costs are an integral part of the transaction and non-payment / delayed payment thereof shall also be an act of default on the part of the Purchaser and the Vendor/Builder shall become entitled to exercise the Rights on Purchaser's Default contained in the NINTH SCHEDULE hereto.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 The Purchaser shall also pay to the Vendor/BuilderOwner, the Additional Payments mentioned in PART-I and PART-II of the SIXTH SCHEDULE hereto. 5.2 The Purchaser shall also pay to the Vendor/BuilderOwner, the Mandatory Deposits/Advances/Extra costs mentioned in PART-III of the SIXTH SCHEDULE hereto. 5.3 The amounts of the Additional Payments and Mandatory Deposits / Advance / Extra Costs shall be paid by the Purchaser within 30 days 30days of respective demands for the same or the date of Notice of Possession, whichever is earlier. 5.4 The Additional Payments and the Mandatory Deposits / Advance / Extra Costs are an integral part of the transaction and non-payment / delayed payment thereof shall also be an act of default on the part of the Purchaser and the Vendor/Builder Owner shall become entitled to exercise the Rights on Purchaser's Default contained in the NINTH SCHEDULE hereto.

Appears in 1 contract

Samples: Sale Agreement

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